Published : Monday, December 11, 2017 | 6:40 AM
The City of Pasadena could get as much as $1,756,766 in Measure M Local Return funds in fiscal year 2018, which the City is seeking to use to continue operating Pasadena Transit buses throughout the City.
In an Agenda Report for Monday’s City Council meeting, the City’s Department of Transportation said Local Return funding from previous Los Angeles County legislation – Proposition A and C and Measure R – now almost entirely fund the six-day-a-week, six-fixed-route operations of Pasadena Transit.
Additional funding is provided through a series of multi-year Job Access and Reverse Commute (JARC) grants from the federal government so the service could add more trips on routes serving Northwest Pasadena and reestablish limited Sunday service, eliminated during the recession of 2008-2010.
The Agenda Report shows that JARC grants fund operations over a two- to three-year period, and additional local funding is needed to maintain the level of service. The report also showed that revenues at Pasadena Transit have been growing at about one percent per year, while expenses have been increasing at about three percent per year.
Transportation staff said under the current funding pattern, expenses could go significantly above operating revenues by fiscal year 2020.
By using Local Return funds from Measure M for Pasadena Transit operations, operations could remain financially viable up to the year 2024.
Transportation Director Frederick Dock said in the report that the additional time would provide a higher likelihood of the City being able to tap Measure M Subregional funding, which is dependent on Arroyo Verdugo and Metro concurrence, for transit capital and for identifying additional sources of funds.
The Finance Committee will tackle Monday the Department’s proposal to authorize the City Manager to sign all agreements necessary for Pasadena to be able to tap the Measure M Local Return funds, before it reports to the City Council later Monday.
The Committee meets at 4 p.m. at the City Council Chambers Room S249 at the Pasadena City Hall.